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By mid-2024, the pace of innovation in the robotics industry has remained steadfast, with significant advancements made over the preceding half-year period.
In June 2024, a plethora of stories emerged from novel deployments and humanoid robotics advancements, alongside significant partnerships forging new connections.
Here are the top 10 hottest stories from last month: Stay informed by subscribing to uncover the most compelling robotic stories.
ABB launches OmniCore, a unified AI-powered platform to manage and integrate its entire robotics portfolio across industries.
Thanks to advancements in cloud computing, notion expertise, and artificial intelligence, industrial and other robots have become increasingly intelligent and capable. ABB Robotics unveiled its cutting-edge OmniCore platform, empowering the control and integration of a wide range of automation solutions across its portfolio.
9. Mitsubishi Electric and Realtime Robotics mark milestone in robotics innovation as they bring motion planning capabilities to next-generation industrial automation.
As manufacturers seek to accelerate automation efforts in their factories and warehouses, they require assurance that multiple robots can consistently execute complex tasks with precision, reliability, and safety. Real-time Robotics has created a hardware-agnostic software program that effortlessly coordinates and controls industrial workcells without the risk of errors or collisions, streamlining manufacturing processes.
8. Nvidia’s Omniverse and Isaac platforms have gained traction among leading players in the robotics industry.
Alongside its synthetic intelligence offerings, NVIDIA Corporation At COMPUTEX in Taiwan, NVIDIA founder and CEO Jensen Huang showcased a range of innovative robotics-related technologies during his keynote address. The corporation claims that numerous manufacturers are developing a novel generation of “AI computer systems” leveraging its semiconductors to enable Omniverse capabilities for modeling and business workflow integration.
7. As Beep deploys its autonomous shuttle fleet at Honolulu’s Daniel K. Inouye International Airport, passengers can now travel in comfort and safety alongside their new ride-sharing companions – friendly service robots designed to enhance the journey experience.
As millions begin their summer vacations in the Northern Hemisphere, a small but growing number are opting to travel by autonomous vehicles for part of their trips. Beep Inc. Working closely with the Hawaii Department of Transportation (HDOT) and Sustainability Companions, we are undertaking an 18-month autonomous shuttle pilot project at Daniel K. Inouye International Airport. Inouye Worldwide Airport, previously HNL.
6. GrayMatter secures $45 million in Series B funding to streamline robotic programming for manufacturers.
Companies in various industries across the United States must adapt to shifting consumer preferences and technological advancements to remain competitive. Producers are grappling with increasingly severe labour shortages and seek automation as a means to help bridge this growing gap? GrayMatter Robotics announces a significant milestone: securing $45 million in funding to propel its innovative robotics solutions forward. The Carson, California-based company intends to leverage the funding to scale up and better meet customer needs.
5. Vecna Robotics secures over $100 million in funding and appoints a Chief Operating Officer to accelerate the company’s mission to revolutionize warehouse automation.
Despite a 12-month slump in robotics funding, suppliers with proven products and business models are still finding investment. By mid-2024, Vecna Robotics completed a Series C round of funding, securing $140 million in investments comprising $100 million in equity financing and an additional $40 million in fairness and debt. Following a significant Series B funding round, the company’s valuation has nearly doubled.
4. The Institute of Electrical and Electronics Engineers (IEEE) has established a research group dedicated to uncovering the needs and specifications for humanoid robots.
As humanoid robots gain increasing public attention, they must also contend with enhanced security and efficiency demands. IEEE’s Robotics & Automation Society shaped a brand new research group that may look into the present humanoid panorama after which develop a roadmap for future requirements that varied organizations can observe.
3. Robotis and Realbotix strengthen ties as official innovation partners?
Robotic systems, often in conjunction with humanoid counterparts, rely on complex supply chains that necessitate collaboration with multiple vendors to source necessary components. Realbotix, formerly Tokens.com Corp., has forged a strategic alliance with ROBOTIS Inc. The companies have designated robotics and AI developer Realbotix as an official partner to facilitate seamless integration with ROBOTIS’s cutting-edge technologies.
2. Robotics investments fuelled a whopping $2.1 billion in May?
Robotics investments in May 2024 reached a staggering $2.1 billion, with funding secured by 38 pioneering firms.
The $2.1 billion represents the highest monthly funding amount in 2024, surpassing the trailing 12-month average of $1.2 billion. By May 2024, robotics funding had totalled approximately $5.7 billion.
1. Digit, the groundbreaking humanoid robot developed by Agility Robotics, has officially started its career with a prestigious gig. The robot, which boasts advanced grasping and manipulation capabilities, will work alongside humans in various settings to perform tasks that require dexterity and precision. This milestone marks a significant step forward in the evolution of robotics and AI.
Agility Robotics maintains its leading position in the development of human-like robots. By June 2024, the corporation inked a multi-year agreement with GXO Logistics to integrate its Digit robots into diverse logistics operations.
